Getting Sales and Use Taxes Wrong May be Costly
Many businesses do not consider the process of filing sales and use tax returns to be a complicated task. As a result, they often delegate the duty of filing sales tax returns to a clerical level person within the accounting department. That...

Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year.
1. Dependents. In most cases, you can claim your child as a dependent. This applies even if your child was born anytime in 2013....

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.
Here are 10 tips from the IRS to keep in mind when...

Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. Here are ten things to know in case one shows up in your mailbox.
1. Don’t panic. You often only need to respond to take care of a notice.
2. There are many reasons why the IRS may send a letter...

Did you live or work abroad or receive income from foreign sources in 2013? If you are a U.S. citizen or resident, you must report income from all sources within and outside of the U.S. The rules for filing income tax returns are generally the same whether you’re living in the U.S. or abroad....